Tim Richards: The cinema boss who made room for a Vue

Recessions are famously good for the cinema industry. The Great Depression of 1929 ushered in a golden era for moviegoing and the pattern was repeated in the slumps of the 1970s, ’80s and ’90s. Last year was no different, with the UK box office grossing more than £1bn for the first time.

Tim Richards, the affable chief executive of Vue Entertainment, admits that many industry executives feared this downturn would be different. “Many people were nervous, but in the end 2009 was a very good year.”

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